ProfitScore's minimum account size requirement is $250,000. Below is a table outlining our fee schedule for these three portfolios:
| Annual Fee Schedule | ||
| First | $500,000 | 3.00% |
| Second | $500,000 | 2.50% |
| Over | $1,000,000 | 2.00% |
Because we charge a performance based fee for The Expedition portfolio we can only offer it to Accredited Investors or investors that meet the eligibility requirements as defined by rule 205-3 of the Investment Advisers Act of 1940. To review the eligibility requirements, please refer to the bottom of this page.
Account Minimum: $250,000
Annual Management Fee: 1% paid quarterly in advance
Performance Fee: 20% of profits paid quarterly in arrears
High Water Mark: Yes
All management fees will be charged three months in advanced. The assessment and billing of fees shall be based on the date that funds are deposited with the Custodian. Once the account is established, fees will be charged on the first business day of each calendar quarter, following the opening of the account. For those accounts that are opened during a calendar quarter, fees will be prorated based on the number of days that are not expired in the active quarter. The fee will be automatically deducted out of the clients' account.
Eligibility Requirements:
As defined by Rule 205-3 of the Investment Advisers Act of 1940, eligible clients are defined in the Rule as natural persons and companies that have either at least $750,000.00 under management with PROFITSCORE immediately after entering into a performance fee agreement or a net worth at the time the agreement is entered into in excess of $1.5 Million (i.e. a natural person’s net worth may include assets held jointly with a spouse).